Buyers That Are Interested In Hodlnaut And Its FTX Claims

Key Points:

  • Prospective purchasers are interested in buying troubled cryptocurrency lender Hodlnaut and its claims against collapsed cryptocurrency exchange FTX.
  • According to the article, the court management want to sign non-disclosure agreements with the prospective buyers. Hodlnaut owes creditors a total of $160.3 million, according to the affidavit.
According to affidavits cited by Bloomberg on February 6, prospective purchasers are interested in buying troubled cryptocurrency lender Hodlnaut and its claims against collapsed cryptocurrency exchange FTX.
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The records state that various parties have gotten in touch with Singapore-based Hodlnaut’s interim judicial management and are “interested in acquiring” the company. Soon after stopping customer withdrawals in August 2022, Hodlnaut applied for protection from creditors.

“Various parties who are interested in acquiring” Singapore-based Hodlnaut’s crypto platform and FTX claims have contacted the interim judicial managers overseeing the company after it sought protection from creditors, according to an affidavit seen by Bloomberg News.

According to the article, the court management want to sign non-disclosure agreements with the prospective buyers.

Hodlnaut owes creditors a total of $160.3 million

Buyers That Are Interested In Hodlnaut And Its FTX Claims 1

Hodlnaut, which also has operations in Hong Kong, halted withdrawals in August amid last year’s crypto rout — one of many lenders to hit the buffers. FTX accounted for about 72% of the digital assets the platform deployed on centralized exchanges, with an estimated market value of S$18.5 million ($14 million), according to a November filing.

According to a November 2022 filing, FTX held 72% of the assets Hodlnaut used on centralized exchanges, worth at $14 million.

In the meantime, Hodlnaut’s creditors rejected a restructuring proposal in January and stated that they would prefer to liquidate the failed company.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Buyers That Are Interested In Hodlnaut And Its FTX Claims

Key Points:

  • Prospective purchasers are interested in buying troubled cryptocurrency lender Hodlnaut and its claims against collapsed cryptocurrency exchange FTX.
  • According to the article, the court management want to sign non-disclosure agreements with the prospective buyers. Hodlnaut owes creditors a total of $160.3 million, according to the affidavit.
According to affidavits cited by Bloomberg on February 6, prospective purchasers are interested in buying troubled cryptocurrency lender Hodlnaut and its claims against collapsed cryptocurrency exchange FTX.
ARTICLE IMAGES 12 1 1200x628 1

The records state that various parties have gotten in touch with Singapore-based Hodlnaut’s interim judicial management and are “interested in acquiring” the company. Soon after stopping customer withdrawals in August 2022, Hodlnaut applied for protection from creditors.

“Various parties who are interested in acquiring” Singapore-based Hodlnaut’s crypto platform and FTX claims have contacted the interim judicial managers overseeing the company after it sought protection from creditors, according to an affidavit seen by Bloomberg News.

According to the article, the court management want to sign non-disclosure agreements with the prospective buyers.

Hodlnaut owes creditors a total of $160.3 million

Buyers That Are Interested In Hodlnaut And Its FTX Claims 1

Hodlnaut, which also has operations in Hong Kong, halted withdrawals in August amid last year’s crypto rout — one of many lenders to hit the buffers. FTX accounted for about 72% of the digital assets the platform deployed on centralized exchanges, with an estimated market value of S$18.5 million ($14 million), according to a November filing.

According to a November 2022 filing, FTX held 72% of the assets Hodlnaut used on centralized exchanges, worth at $14 million.

In the meantime, Hodlnaut’s creditors rejected a restructuring proposal in January and stated that they would prefer to liquidate the failed company.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

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